Recipes for Cooked Books
“Investors can detect accounting issues by paying attention to unusual assumptions and changes in assumptions used in reporting financial statements…. Changes and anomalies in the assumptions can often point to early warning signs.” — Amit Kumar
This week, our featured book is Short Selling: Finding Uncommon Short Ideas, by Amit Kumar. In today’s post, Kumar lists and describes some of the ways one can tell a company is “cooking their books.”
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